Don't passively wait for an engaged executive sponsor. The most effective project managers take ownership of the relationship by proactively approaching sponsors, frankly discussing the project's needs, and coaching them on how to provide the necessary support, time, and decisions for the project to succeed.
The traditional project manager role, focused on delivering on time, budget, and scope, is obsolete. To create real value, PMs must shift their accountability from process adherence to owning the project's ultimate business outcomes and benefits, taking a proactive role in value delivery.
Before investing in a lengthy business case, gauge a project's potential by asking for volunteers. If no one is excited enough to join, it's a strong signal the project lacks a compelling purpose and should be abandoned. This simple, five-minute test can save months of wasted work.
Financial metrics like '10% return on investment' fail to inspire project teams. To attract top talent and volunteers, leaders must frame projects around a compelling purpose, such as improving customer experience or sustainability. A strong purpose, not the business case, is what truly drives engagement.
Projects fail not from lack of tools, but from a lack of executive sponsorship. Success hinges on leaders dedicating significant weekly time (e.g., half a day) to a few key projects, rather than passively sponsoring many with monthly check-ins. This deep engagement is a primary driver of success.
To accelerate strategic initiatives, companies must extract them from daily operations and staff them with dedicated, full-time talent. Assigning people part-time is a recipe for failure, as context switching and operational duties inevitably derail progress. The best people should work on the most important projects.